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RE: The World of Cryptocurrency - Bitcoin's Last Stand

in #bitcoin7 years ago

I think these issues, while good to discuss, are quite unlikely to occur

Governments - there are very few things that all governments across the world agree on. I do not think banning bitcoin will be one of them, especially if they think that they, or their citizens, might be able to take advantage of bitcoin.

Miners - Because so many people have invested heavily in bitcoin, I think that even if it becomes unprofitable to mine, many of these people will mine as a service to the community and also to protect the value of their stash. No one wants to see a 51% attack.

Quantum computing - As discussed in the article, the benefits of quantum computing are likely to be incorporated into bitcoin and other cryptos

Founders of forks - We have seen a number of forks such as Bitcoin Cash, etc. These have not really affected the reputation of Bitcoin

I believe the only thing that can affect Bitcoin are the possibilities of hacks on major exchanges that can scare many people.

Otherwise, I think it has indeed embedded itself in the world! Just as many people have said gold is just some shiny yellow metal, there’s not so much value, and the world still continues to love gold, I think the world will always love bitcoin. The question is, just how much?

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In a way you made a very good point and a brilliant argument on the topic. Hackers really do scare people and many were reportedly hacked and lost all their currencies in their wallet. Thanks for sharing youre thoughts on this, you just simply impart a very informative topic that gives light to the subject.

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